The Valora Group continued to develop positively in the past fiscal year and improved its operating result. Operating profit (EBIT) increased by 8.5% to CHF 105.5 million, exceeding the previous year’s record result. The strong convenience business in Switzerland made a significant contribution to the result, supported by a stable performance in the Food Service B2C segment. At the same time, Valora consistently expanded its fresh food to-go offering across its convenience formats.
Valora, the European retail unit of FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.), further increased operating profit following the record year 2024. Operating profit rose from CHF 97 million to CHF 105.5 million. Group external sales amounted to CHF 2.9 billion, remaining in line with the previous year.
Strong development in convenience retail
Growth was primarily driven by the positive development of the Swiss convenience business with the avec and k kiosk formats. At the same time, Valora continued to advance the expansion of its successful avec convenience format in the German market. The conversion of around 90 ServiceStore DB outlets at main stations into avec stores, initiated in 2025, is progressing as planned and is expected to be completed during the course of the year.
Solid results in Food Service B2C and wholesale business
Despite challenging customer frequencies in the core markets of Switzerland and Germany, as well as ongoing construction work on the German rail network, the Food Service B2C segment – with formats such as BackWerk, Ditsch, and Brezelkönig – delivered a solid operating result in the past financial year.
Brezelbäckerei Ditsch, the global market leader in pretzel wholesale, also developed positively. A stable result was achieved in the German market, while the second production facility in Cincinnati (USA), opened at the end of 2024, gradually expanded its capacities.
Further development of the Foodvenience strategy
In response to sustained strong demand for fresh food on the go, Valora consistently expanded its food to-go offering. In Switzerland, the integration of the Kitchen concept as well as Brezelkönig clip-ins in avec stores was further extended. At the end of the year, the first avec store based on the new concept opened in Hamburg, Germany, where fresh food is prepared several times a day and which serves as a reference format for future locations.
Within Food Service, Ditsch continued its international expansion. At the beginning of 2025, the first Austrian store opened at Vienna Central Station. Together with Valora’s parent company FEMSA, Ditsch already operates seven clip-ins in OXXO convenience stores in Mexico.
Organizational bundling strengthens Foodvenience focus
To further advance the Foodvenience strategy, Valora will combine its Retail and Food Service B2C divisions into a single organizational unit by mid-2026. The bundling of competencies is intended to leverage synergies more effectively and accelerate the development of integrated convenience and food offerings.
